Sales of four- and two-wheelers almost halved in August, compared to the equivalent month last year.
India's biggest car maker Maruti Suzuki said on Tuesday that its vehicle production in September will tumble by 60 per cent due to chip shortage. The company, which had earlier cut down production at its Gujarat plant, said the chip shortage will hit production in Gurugram and Manesar plants, effectively forcing the automaker to cut production by 60 per cent. Owing to a supply constraint of electronic components due to semiconductor shortage, the company is expecting an adverse impact on vehicle production in September in both Haryana and its contract manufacturing company, Suzuki Motor Gujarat Pvt Ltd. (SMG) in Gujarat.
Price reduction by auto buyers leads to only a marginal rise in enquiry level.
The World Photography Organisation has announced its category winners and shortlist in the Open competition of the Sony World Photography Awards 2023.
In May, Satpal Singh, who runs a dairy business with three buffaloes in Jewar, near Noida, was worried about the steep spike in input costs. Singh said dry fodder rates, which cost Rs 1,500-2000 per tractor trolley last year, were quoting at Rs 4,500-5,000. The price of other cattle feed ingredients (that include mustard meal and similar mixes) had also gone up from Rs 2,000 per quintal to Rs 3,100-3,200 per quintal.
The luxury car market leader will be producing the new-generation cars, sedans, SUVs, and AMG performance cars at one facility.
Leading carmakers Maruti Suzuki and Hyundai witnessed a double-digit drop in sales in October on account of the global semiconductor shortage impacting production. Kia India, Honda Cars and MG Motor also saw a fall in dispatches last month as compared with October 2020. However, companies like Tata Motors, Mahindra, Nissan and Skoda managed to post positive numbers last month despite the supply chain challenges.
'Dr Kalam never felt or behaved like a President during his entire tenure of five years as the President.' 'Not even a single day, he felt he was the first citizen of India, or someone different from the others, or the President of India.'
Passenger vehicle majors like Hyundai, Tata Motors, M&M, Toyota Kirloskar and Honda on Wednesday reported growth in domestic sales in August riding on festive sentiments, although market leader Maruti Suzuki posted a decline amid a semiconductor shortage affecting the industry. The country's largest carmaker Maruti Suzuki India Ltd (MSIL) reported domestic sales at 110,080 units, as compared to 116,704 units in the same month last year, down 6 per cent. "Sales volume of the company in August 2021 was affected due to electronic components shortage.
China's covid crisis could provoke a raw material crunch for India's EV industry later this year.
'When Covid first struck, the lockdown resulted in clean air in major Indian cities.' 'You were able to see the Himalayan range from Ludhiana.' 'In Delhi, you were seeing deer and stags all over the city because there was no traffic.' 'It was incredible. Nature was waiting to come back.'
Market leaders saw good traction for new cars, including the electric ones.
The car will come with a petrol and a diesel engine option.
The talented artiste was invited to sing at the Tiffany's fashion show that was hosted at the Hermitage Hotel, Monaco, as part of the festival this year.
Durable goods companies and retailers say online sales won't compensate for the fall in offline sales.
'I have been supplying meat to JNU for the last 25-30 years and never has it happened that I have been asked not to supply meat'
The growth momentum that started during the festival season is likely to sustain in the new year, reports Arindam Majumder.
Frequent chants of "netaji amar rahe, amar rahe amar rahe (long live netaji!)" by lakhs of people rent the air.
Rajiv Satyal is a standup comedian. He resides at the intersection of Indian comedy and Seinfeld quotes. So you can imagine what a Seinfeld show in India affected him!
Alishah laid down the family tree of Dawood Ibrahim and said that the gangster's first wife gets in touch with people through WhatsApp calls.
'These accusations of my film being a copy only makes our chances at the Academy harder.'
Ahead of the peak festive season, India's passenger vehicle makers are staring at a cumulative order backlog of nearly 500,000 units as chip shortage continues to cripple production. The crisis is forcing companies to change their production plans frequently and take a call on the variants they can manufacture based on the availability of semiconductors. The booking numbers are not a true reflection of demand, said manufacturers.
While govt banks are offering lower rates, private lenders are dangling higher loan-to-value proposition.
As Sachin turns 50, Rediff brings you 50 fascinating facts about the God of Cricket.
Bumper-to-bumper insurance cover for new vehicles will not be mandatory as suggested by the Madras high court in its order last month. Instead, the decision to make it mandatory or not will be left to the legislators and the parliament. On Monday, the court decided to modify its order, which had said that whenever a new vehicle is sold after 1.9.2021, it is mandatory for coverage of bumper-to-bumper insurance every year, in addition to covering the driver, passengers, and owner of the vehicle, for a period of five years.
Modifying its June 18 order in which it had said that this year's Yatra cannot be allowed due to the COVID-19 pandemic, the apex court permitted holding of the Yatra after taking note of Odisha government's stand that it 'can be held in a limited way without public attendance'.
For Mahindra & Mahindra (M&M), which has just started executing a comeback strategy for wresting back ground it lost to rivals, this could not have come at a worse time. The maker of the Bolero Neo and the Thar models on Thursday said it would have to halt production at its automotive plant for a week due to the worsening supply situation of semiconductors.
Weak consumer sentiment across urban and rural markets due to slow farm inflows, subdued agri-commodity prices, rising cost of ownership as a result of regulatory changes including safety, emissions, vehicle registration, along with a rise in interest cost/EMI, have impacted demand.
Aseem Chhabra watched some great films and some huge disappointments in 2021.
A noted Durga Puja pandal in Kolkata this year will depict the agitation over the farm laws in the country, besides the killing of farmers in Lakhimpur Kheri in Uttar Pradesh.
'Then, one fine morning, I returned to my first love.' 'All the top directors of the time were waiting for me.' 'In one day, I signed 12 films.' 'Prosenjit Chatterjee was back!'
'Our strategy is intact and our important pillars for India -- the SUV roll-out and the focus on the cost of ownership of a car -- remain in focus'
Passenger vehicle wholesales in India rose significantly year-on-year in July, as COVID-led restrictions eased across states and companies pushed stocks to dealers to build up inventories for the upcoming festive season, SIAM said on Thursday. The total passenger vehicle sales -- including dispatches of cars, utility vehicles and vans -- from OEMs to dealerships increased by 45 per cent to 264,442 units in July against 182,779 units in the same month last year. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches from the OEMs to dealerships, however, declined by 2 per cent to 12,53,937 units in July, compared to 12,81,354 units in the year-ago period.
'Everywhere Anil Dharker went, he assembled teams of talented people, gave them opportunities, then got out of the way and allowed them to flourish.' Meenakshi Shedde remembers a very special editor.
Factors like high fuel prices, higher insurance cost and firm interest rates kept buyers away, especially in case of passenger vehicles.
'India is a multifaceted place that resides in one country.' 'I always say that there are 1.3 billion Indias and everyone takes their own form and shape of the country.' A fascinating glimpse from Barkat: The Inspiration And Story Behind One Of The World's Largest Food Drives, Feed India.
Aseem Chhabra lists his favourite films, most of them shown at international film festivals held virtually (Berlinale and Rotterdam), hybrid (Toronto) or physical (Cannes and Venice).
The hot hatch comes with the right balance of power and mileage.
'The Iranians are very resilient people. So even when they are throttled, they try their best to survive.'
